An increasing number of South Korean creditors are advocating the necessity of new ways of corporate restructuring as the existing method characterized by voluntary agreements led by state-run banks is showing its limitations. The existing method, which was brought in about 15 years ago, is for a restructuring target to try to go back to…
MINNEAPOLIS–(BUSINESS WIRE)–Robins Kaplan LLP® announced today that Scott Gautier has been named national co-chair of the firms Restructuring and Business Bankruptcy Group. Gautier joins current practice co-chairs Howard Weg and H. Jeffrey Schwartz in this role. Scotts appointment to national co-chair of the Restructuring and Business Bankruptcy Group follows the firms growth in this practice…
Mark Durcan, Micron Technology CEO Corporate Communication and Marketing After posting losses in … Read the full article at: http://www.bizjournals.com/sacramento/news/2016/07/07/micron-to-cut-7-5-percent-of-workforce-in.html
Comments Print /License AA Postmedia Network Canada Corp. is proposing a restructuring plan to reduce its debt by $307-million and annual interest payments by about $50-million as the struggling newspaper company looks to return to firmer financial ground. The proposed recapitalization transaction announced Thursday would wipe out about $268-million (U.S.) in debt in exchange for…
New York City-based MetLife is a global provider of life insurance, annuities, employee more Craig Warga/Bloomberg … Read the full article at: http://www.bizjournals.com/tampabay/news/2016/07/06/metlife-restructuring-costs-74-tampa-jobs.html
NEW DELHI: Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet expectations and has given voluntary retirement scheme (VRS) to 250 workers as part of the process. “It is one vertical which has not met expectations last year. We are currently in the process of deciding the…
NEW DELHI: Homegrown auto major Mahindra & Mahindra is restructuring its two-wheeler business after the division failed to meet its expectations and has given voluntary retirement scheme to 250 workers as part of the process. “It is one vertical which has not met expectations last year. We are currently in the process of deciding the…
China’s expanded business activity in the service sector in June shows the effect of restructuring as the economy moves away from reliance on manufacturing. The Purchasing Managers’ Index for the service sector rose to an 11-month high of 52.7 in June, up from 51.2 in May, according to a survey conducted by Caixin Media Co…
The OECD on July 4 published proposed amendments to Chapter IX of the transfer pricing guidelines dealing with business restructuring to conform the guidance to recent changes made to other chapters on account of the final OECD/G20 base erosion profit shifting (BEPS) reports. Significant changes were made to Chapter 1 of the guidelines concerning delineating…
Virgin Australia has flagged a $450 million impairment to its full-year earnings as it cuts costs as part of a wider restructure of the airline as it prepares to raise $852 million from shareholders to pay down debt. The airline also flagged changes to the types of aircraft it uses as part of a fleet…